Major financial institutions are expanding services that give clients access to private companies and liquidity in pre-IPO shares, seeking to tap rising investor demand for early exposure to fast-growing startups. The per-share deal value of $45 represents a premium of roughly 72% over the stock’s last closing price.
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Charles Schwab to buy private shares platform Forge Global in $660m deal
Charles Schwab offers wealth management, securities brokerage, banking and financial advisory services to customers. It has a market capitalization of roughly $170 billion and manages around $11.6 trillion in client assets.
